Unfortunately, it's the ASX that permits these types of activities to continue.
Even though the options were "in the money" the ONLY fair action would be for option holders to PAY UP and then sell whatever shares they dont want ON MARKET.
It would appear only "retail" option holders get sucked of their hard earned in the conversion process.
ASX need to protect retail - that's where the majority of funds come from - either directly or through Managed Funds.
Ann: Change of Director's Interest Notice - William Johnson, page-24
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Last
46.5¢ |
Change
0.005(1.09%) |
Mkt cap ! $52.08M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 44.5¢ | $71.92K | 158.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 34374 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 1972 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
0.005 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| 46.0¢ | 46.0¢ | 45.0¢ | 44108 | ||
| Last updated 15.58pm 15/05/2024 ? | |||||
| LEL (ASX) Chart |